Precious metals eased up on Monday as Fed still undecided on quantitative easing

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Source: Dukascopy Bank
Precious metals eased up on Monday on the weaker US Dollar and mixed equities. Moreover, the commodity group gained a spree as Fed is still undecided on whether to embark on the next round of quantitative easing. However, the easing measures are not highly likely taken the steady recovery of the US economy. Gold was the driver for the group but bounced at the slowest pace from the previous tumble. The yellow metal continued to be pressured by the increase in the India's gold import tax. Jewelers in India express protests against the move. Silver, platinum and palladium were also buoyed by growing base metals price.

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Tue, 20 Mar 2012 15:26:43 GMT

FTSE 100 index down on inflation data

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Tue, 20 Mar 2012 16:47:18 GMT

Australian S&P/ASX 200 index slips on BHP Billiton announcement

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